`No trade war' for US and China
Tuesday 07 February 1995
Yesterday US businessmen in Peking were optimistic, many pointing out that Sino-US trade disputes in the past had been settled after sanctions had been formally imposed but before they took effect.
In Jerusalem, the US Commerce Secretary, Ron Brown, also played down the situation. "It is a gross over-statement to call the relationship between China and the United States one of trade war. We are not in a trade war at all."
The Hong Kong stock exchange also took the view that the three-week grace period before 26 February was a sign that both sides were keen to reach a deal if possible. The Hang Seng index jumped 5.6 per cent, a robust performance after weeks of worry abouttrade wars, US interest rates and the health of Deng Xiaoping.
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